Power Co. of Canada (OTCMKTS:PWCDF) Given Average Recommendation of “Hold” by Analysts

Shares of Power Co. of Canada (OTCMKTS:PWCDF) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

PWCDF has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Power Co. of Canada in a report on Tuesday, May 12th. Desjardins reissued a “buy” rating on shares of Power Co. of Canada in a report on Wednesday, May 13th. TD Securities lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a research report on Thursday, May 14th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Power Co. of Canada in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Power Co. of Canada in a report on Thursday, May 14th.

Power Co. of Canada Trading Up 0.8%

OTCMKTS:PWCDF opened at $65.50 on Friday. The business’s fifty day moving average is $61.24 and its 200 day moving average is $54.35. Power Co. of Canada has a 52-week low of $38.21 and a 52-week high of $70.74.

About Power Co. of Canada

Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.

The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.